How do I plan for disability or incapacity?

If you live in California and you want to plan for disability or incapacity, there are several steps you can take. One important step is to create an advance health care directive. An advance health care directive lets you decide in advance who can make medical decisions for you if you can’t make them yourself. You can also explain your wishes regarding medical care, such as whether you want to receive life-sustaining treatments. Another important step is to create a durable power of attorney. This document lets you appoint someone else to make decisions for you about financial matters and other matters if you become incapacitated. You should also consider creating a trust. A trust is a legal document that allows you to give property or assets to someone else to manage for your benefit. By setting up a trust, you can limit how and when your property or assets are used, such as paying your medical bills if you become incapacitated. Finally, you should create an estate plan. An estate plan involves creating documents such as a will, an advanced health care directive, and a durable power of attorney. These documents will allow you to state your wishes and make sure they are carried out if you become incapacitated. These are some of the steps you should take to plan for incapacity or disability in California. Taking these steps can help ensure that your wishes are respected if you become incapacitated and make sure your assets are managed properly.

Related FAQs

What is a gifting program and how does it work?
What is an estate distribution plan and how does it work?
How can I plan for the future of my minor children after I die?
What is estate planning?
What is a marital deduction and how does it work?
What is probate, and how can I avoid it?
What is a testamentary trust and how does it work?
How can I plan for the future care of my minor children?
What is a disclaimer and how does it work?
How can I protect my family's inheritance from creditors?

Related Blog Posts

Understanding Estate Planning Law: What You Need to Know - July 31, 2023
Developing an Estate Plan: A Guide for Families - August 7, 2023
Tax Planning Strategies for Estate Planning Professionals - August 14, 2023
The Basics of Estate Distribution and Taxation - August 21, 2023
Exploring the Benefits of a Living Will - August 28, 2023